DocumentCode
2539003
Title
The Intrinsic Value of Company, Investor Sentiment and the IPO Under-Pricing in the Growth Enterprise Market
Author
Xiao-hong, Yu ; Xue, Zhang ; Yan-yan, Li
Author_Institution
Sch. of Accounting, Jinlin Finance & Econ. Univ., Changchun, China
fYear
2012
fDate
12-14 Oct. 2012
Firstpage
431
Lastpage
434
Abstract
This essay takes 199 listed companies between October 23, 2009 and December 31, 2011 as samples to study the relationship among intrinsic value of the company, investor sentiment and the IPO under-pricing in the growth enterprise market. Results show that the intrinsic value of the company, investor sentiment and corporate governance is the main factor to affect GEM IPO under-pricing, while industry has no effect on IPO under-pricing.
Keywords
pricing; stock markets; GEM IPO under-pricing; company intrinsic value; corporate governance; growth enterprise market; investor sentiment; listed companies; Companies; Correlation; Educational institutions; Industries; Investments; Stock markets; GEM; IPO under-pricing; investor sentiment; the intrinsic value of the company;
fLanguage
English
Publisher
ieee
Conference_Titel
Business Computing and Global Informatization (BCGIN), 2012 Second International Conference on
Conference_Location
Shanghai
Print_ISBN
978-1-4673-4469-2
Type
conf
DOI
10.1109/BCGIN.2012.118
Filename
6382559
Link To Document